Stock Markets Analysis and Opinion

Nvidia: Watch Trading Volumes for Next Surge Higher

2024.02.07 04:18

Anna Coulling

A have a look at Nvidia (NASDAQ:) throughout the timeframes. Beginning with the month-to-month chart, we are able to see the relentless transfer larger because the October 2022 low, and apart from the pullback in September and October of 2023, it’s been a one-way road.

However, January’s quantity does seem somewhat mild in regards to the candle vary, and with the inventory hitting ATHs, the query is at all times the place subsequent. The media is filled with targets for the inventory, with ranges as excessive as $1000 by year-end (or sooner).

On the chart, you will notice the degrees given by our Quantumtrading Camarilla indicator for this month alone. Nvidia might certainly proceed larger, however finally will probably be quantity that may validate any transfer.

NVIDIA-Monthly Chart

Moving to the hourly chart, right here we see at present’s reversal in motion and likewise how I like to make use of the Quantumtrading Time Adjusted Renko indicator that aligns with the value motion. Using it on the hourly chart helps hold us in a commerce on the slower timeframes.

NVDA-Hourly Chart

Finally, a better have a look at the reversal on the 15-minute chart the place we’ve got a beautiful instance of a extra nuanced VPA sign.

Since annotating the charts, Nvidia has certainly paused on the quantity level of management on the hourly chart. As we are saying in foreign exchange, it’s all about ranges and stream!

NVDA-15-Minute Chart

Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 51,161.71 1.34%
ethereum
Ethereum (ETH) $ 2,948.46 0.93%
tether
Tether (USDT) $ 0.999239 0.13%
bnb
BNB (BNB) $ 382.29 0.58%
solana
Solana (SOL) $ 102.57 2.00%
xrp
XRP (XRP) $ 0.538323 1.23%
staked-ether
Lido Staked Ether (STETH) $ 2,949.03 0.78%
usd-coin
USDC (USDC) $ 0.999403 0.12%
cardano
Cardano (ADA) $ 0.589066 2.32%
avalanche-2
Avalanche (AVAX) $ 36.61 2.25%
tron
TRON (TRX) $ 0.138715 0.70%
dogecoin
Dogecoin (DOGE) $ 0.084001 1.11%
chainlink
Chainlink (LINK) $ 18.05 3.21%
polkadot
Polkadot (DOT) $ 7.41 1.05%
matic-network
Polygon (MATIC) $ 0.987919 2.92%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 51,119.70 1.39%
the-open-network
Toncoin (TON) $ 2.10 1.01%
internet-computer
Internet Computer (ICP) $ 12.56 4.89%
shiba-inu
Shiba Inu (SHIB) $ 0.00001 0.68%
uniswap
Uniswap (UNI) $ 7.14 4.07%
bitcoin-cash
Bitcoin Cash (BCH) $ 262.05 0.68%
litecoin
Litecoin (LTC) $ 68.53 0.45%
dai
Dai (DAI) $ 0.998351 0.21%
immutable-x
Immutable (IMX) $ 3.20 7.76%
filecoin
Filecoin (FIL) $ 8.35 11.82%
kaspa
Kaspa (KAS) $ 0.169344 0.41%
cosmos
Cosmos Hub (ATOM) $ 9.81 1.27%
leo-token
LEO Token (LEO) $ 4.09 1.58%
hedera-hashgraph
Hedera (HBAR) $ 0.112667 8.11%
bittensor
Bittensor (TAO) $ 592.89 4.80%
blockstack
Stacks (STX) $ 2.57 3.61%
ethereum-classic
Ethereum Classic (ETC) $ 25.68 1.42%
optimism
Optimism (OP) $ 3.63 3.85%
aptos
Aptos (APT) $ 9.21 0.18%
near
NEAR Protocol (NEAR) $ 3.24 0.22%
vechain
VeChain (VET) $ 0.045564 4.14%
stellar
Stellar (XLM) $ 0.115512 0.37%
first-digital-usd
First Digital USD (FDUSD) $ 0.999889 0.37%
okb
OKB (OKB) $ 50.53 3.17%
injective-protocol
Injective (INJ) $ 34.23 1.02%
render-token
Render (RNDR) $ 7.66 2.59%
celestia
Celestia (TIA) $ 16.83 3.55%
lido-dao
Lido DAO (LDO) $ 2.98 3.01%
mantle
Mantle (MNT) $ 0.793978 10.88%
the-graph
The Graph (GRT) $ 0.271275 3.82%
crypto-com-chain
Cronos (CRO) $ 0.091716 1.58%
arbitrum
Arbitrum (ARB) $ 1.78 4.03%
monero
Monero (XMR) $ 121.58 2.08%
sei-network
Sei (SEI) $ 0.827933 4.05%
sui
Sui (SUI) $ 1.71 1.14%